The U. S. dollar has risen versus the Japanese yen to its biggest high since March 2020 as the Euro falls to lowest since early November.The dollar index which measures the U.S. currency against a basket of six major currencies rose for the fourth consecutive day, to 94.37 from 93.77 …

Oil futures extend losses as EIA reports increases in U.S. crude, gasoline and distillate supplies. The energy sector is currently experiencing mixed to lower start, supported by strength in the major equity futures and pressured by weakness across the most important commoditiesWTI and Brent crude oil futures continued to inch …

Investors are skeptical about how much change a new German government will bring about in the European economy that is struggling to recover. Investors and observers raise several questions about how the next German chancellor will deal with integration among the 19 euro economies.As Germany prepares for a new post …

Oil prices have jumped above $80 for the first time since 2018, this development is handing a major boost to producers but is simultaneously fuelling more inflationary pain for consumers.Global supplies are disrupted because U. S. production is still hampered by ongoing fallout from Hurricane Ida in Louisiana and the …

Bond yields have been increasing slowly but steadily over the past two weeks from 1.30% for the 10-year bond to 1.50%. The extremely low together with the relatively stable U. S. government bond yields have confused several market observers for the few previous days. The current situation is also challenging …

The recently released final draft of the U. S. Reconciliation Bill aims to subject investors in the crypto space to a complex tax rule based upon the constructive sales concept.Cryptocurrency users are expected to pay taxes without even selling their crypto assets under the proposed draft which could be passed …

China Evergrande Group said Wednesday that it’s planning to sell its $1.5 billion stake in Shengjing Bank, which comes as an attempt of the group to avoid default. The announcement was added to other practices aiming at easing concerns the collapse of the huge real-states entity could spread through the …

Democrats are expected to vote Wednesday on a temporary legislation that helps avoid partial government shutdown through keeping current levels of federal government funds after Thursday. The move was encouraged by top House Democrats led by majority leader Steny Hoyer who said that there were talks with Senate Democrats suggesting …

U. S. President Joe Biden continued meeting key Senators on Tuesday in an attempt to gather flagging support for his economic plan of USD 3.5 trillion federal budget bill, which Republicans blocked yesterday.Biden also virtually meets with governors, mayors, and other state officials to discuss the bipartisan Infrastructure Investment and …

The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …